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Research on the Reform of the Financial System for Treasury Concentrate Payment to LN County of Tangshan City

Author: ZhangJie
Tutor: AnYuZhuo
School: Hebei University of Technology
Course: Business Administration
Keywords: Treasury concentrate payment financial system reform financial treatury
CLC: F812.2
Type: Master's thesis
Year: 2012
Downloads: 42
Quote: 0
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Abstract


The system of treasury concentrate payment is a procedure from budgeting and assigning tofund using, accounts clearing of banks, and to the payments to the providers of goods andservices as the end. The reform of this system is transferring the outmoded system in whichfinancial fund is transferred from the high administrative institutions to the lower administrativeinstitutions one by one, to the completely new system in which all financial funds of thegovernment (including budgetary and extra-budgetary funds) are deposited the unique account ofthe designated bank and the payments will be executed from the unique account after thepayment request of the institutes and the examination of the financial payment institutes whenthe budgetary institutes need to purchase goods or services. By the reformed system, thetransparency of the procedure from the collection to assignment and usage is enhanced.Furthermore, the flowing direction and quantity of the funds can be achieved easily byadministrative institutions.In this paper, by analyzing the system of the treasury financial concentrate payment ofdomestic research and with comparison to the system of western countries, a scheme is proposedwith combination to the circumstances of the LN county of Tangshan City after taking theshortcoming and the cause for the shortcoming of the system into account. In the proposedscheme, a series of proposals are put forward deepening the reform of the department takingcharge of the budget and enhancing government procurement system.

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CLC: > Economic > Fiscal, monetary > Finance, the state's financial > China's financial > Financial system and management system
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